Member Info for Pecten11

Shivest, it’s nothing new

The bottom of VAST RNS’ used to claim Manaila was a producing mine 12 months plus after it went onto care and maintenance

Iirc they still listed Pickstone- Peerless as an ongoing project on the website months after it was sold

Obviously too busy to update the information potential investors would want to know

VAST is pleased to announce - no progress

Mysticsmeg’..BP asset.....has had £100m invested in it so far’

Care to explain where your £100M figure comes from?

Any independently audited figure?

Any stated value in the accounts?

Or yet more VAST bullcr@p

Your communications with the spirits haven’t borne much fruit…

Or is it just the voices only you can hear….

Promising news for iirc Gazzleberry

https://www.lse.co.uk/rns/BOD/marsfontein-update-n7pounaro0fmn6t.html

Shivest the last Baita update stated that it had reached breakeven in June, not all of Q2.

There is still VAST corporate costs to cover - the RNS did not say that VAST had reached break even in June(never mind Q2)

Central Asia Investments ltd

Ownership VAST PLc 49%, Formin Tajik SRL 51%

Directors Andrew Prelea (VAST) and Sebastien Albulescu (Formin Tajik SRL)

First accounts due early Nov23

Roy Tucker has been added as a third director.

Formin SRL have a history- not a totally clear one- with VAST for a few years, supplied drilling equipment/services apparently (Sandy probably remembers more than I)

So what did Formin / Albulescu do to qualify for a 51% share? Or, perhaps just as pertinent, what did VAST do for Formin/ Albulescu for 49%

Albulescu has been a notifiable shareholder (over 3%) in VAST - no TR1 issued (quelle surprise) but has either sold or been diluted under the 3% threshold - again no TR1

Correction- first paragraph under transaction details

Topgun, the second paragraph of the RNS that asi linked needs further investigation- how much did VAST pay for the share of a newly incorporated company???

Think there’s a line in the last company accounts which is a likely link

Not quite the zero cost deal that was implied at the time

The HERD have stopped grazing and left the remaining sick and lame amongst the pats left behind

Dickie3-one minor change to your post may make it more accurate

‘If enough pi's do it then anythinhg is possible. Let RBZ see that VAST have indeed a strong swing trader interest.We mustn't be cast out as unimportant imo

Legalese , I would challenge ‘evidences’ as it was based, iirc, on VASTs published mining plan , which when they ran into issues, they told the market to ignore.

Vast have since failed to publish any detailed forward guidance involving revenue, costs etc

Dicko, why did you choose to use a Proactive link that is around 22 months old?

Btw- since that was published dilution has been huge, there are around 14 times more shares in issue - from around 240 million to 3.4 billion!

AP has done a great job (unless you’re a long term holder) keeping the company going, by distracting with shiny things while trying to get Baita up to snuff - question is, how much stretch is left in the elastic….

VAST and its claims will barely be a blip on the political radar of any party in the election - might be big to VAST but minuscule even for Zimbabwe

Oldslow- ‘at £50 ct how many can we get per HOUR of mining.?’

If, and this point, it’s still a big if, VAST do get permission, license etc for part of Marange, part of that value will go with the indigenous partners.

Even if granted tomorrow, VAST would need cash for kit and security etc and time to set up - it would be a good while before they see any revenue

Let’s deal with the immediate situations first without going on a flight of fancy

Reg- it’s not too late to try your new material at the Edinburgh Fringe…..

Nomlungo - Q for you please , as this sort of thing seems like your wheelhouse

Best Adblocker for iPhone - preferably free!

Finally had enough of that f’ing video pop up on here - and it seems to eat data too

Thanks

Considering how late this RNS is - compared to when the extension ran out, why issue an RNS now that doesn’t actually state that an extension has been signed and agreed??

Finalising documentation?? Means sfa

Dunk_biscuit ‘ I would think VAST is now a takeover target with a ten year development time for a new copper mine . ’

As the current mining license for Baita expires next year I very much doubt that - if the drilling suggests a large enough expansion of mine life that could eventually change

It would appear your chart doesn’t reflect the number of shares in issue - there were 21.3 billion shares in issue in April 21, this was consolidated 100 to 1, down to 213 million

VASTs mcap has broadly been in the range of £5M -£25M over the last few years, that is probably a better guide to an SP range

- until AP finally proves the business case that the mcap deserves to be higher

Sandy re you hypothesis that Capstone directly participated in the placing surely AP wouldn’t have missed out on trumpeting that fact in the RNS?